What are the causes and effects of globalisation?
Isolate/Define key terms
- globalisation
- causes
- effects - split into benefits and costs
1. Causes of Globalisation
- exploitation of resources
- improved technology
- freedom of trade
2. Costs of Globalisation
- inequality
- loss of cultural diversity
- macroeconomic instability/volatility
3. Benefits of Globalisation
- reduced poverty
- increased division of labour
- increased economies of scale
4. Conc.
- key cause
- overall, and in light of the aforementioned evidence, is globalisation a good or a bad thing?
TG
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